$26,350,000
SOLD SEP 15, 2025
99 Beds
99 Baths
73,826 Sq Ft
5.23 Acre Lot

Sale Details

Date Sold: September 15, 2025

$357 Per Sq Ft

1% Above List Price

40 Days on Market

Highlights

  • Pool House
  • Built-In Features
  • Ceiling Fan
  • 5.23 Acre Lot

About This Home

As of September 2025

**SELLER FINANCING**4-5% INTEREST ONLY | 7-10 YEARS | ONLY $5.5-6M DOWN Maywood Property Group is pleased to present this 76-unit garden-style apartment community in high-demand West Covina. A rare gem offering scale, stability, and true upside on an exceptional 5.5-acre parcel, an extraordinary find in land-starved Los Angeles County.With all new roofs and windows installed in the last 56 years, copper plumbing, and updated electrical sub-panels in over 70% of units, the property is well-positioned for long-term, low-maintenance ownership. A large, unused section of land in the northeast corner presents prime development or detached ADU potential, adding another layer of value. Typically reserved for institutional players, this asset is uniquely accessible thanks to attractive seller financing with minimal down payment requirements. Strong in-place cash flow and clear rental upside make this offering a standout opportunity in one of LA County's most competitive rental markets.

Last Agent to Sell the Property

Nicholas Hayner

Maywood Property Group License #02090908 Listed on: 07/30/2025

Last Buyer's Agent

Justino Fa'aola

COMPASS License #02038198

COMPASS
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Parking

  • Covered Parking

Interior Spaces

  • 73,826 Sq Ft Home
  • Multi-Level Property
  • Built-In Features
  • Ceiling Fan

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 99 Bedrooms
  • 99 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Additional Features

  • Pool House
  • 5.23 Acre Lot

Community Details

  • 5 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 8725-001-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

5.23 Acres

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 73826
  • Lot Acreage: 5.2276
  • Year Built: 1978
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 99
  • Total Bathrooms: 99.00
  • Equipment: Built-Ins, Cable, Dishwasher, Ceiling Fan, Garbage Disposal, Refrigerator
  • Price Per S Q F T: 352.18

Exterior Features

  • Other Structures: Pool House

Garage/Parking

  • Parking Garage: Covered Parking

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 6413070
  • Assessed Land Percent: 60
  • Assessed Land Value: 9619612
  • Total Assessed Value: 16032682
  • Assessor Parcel Number: 8725-001-019
  • Lot Size Area: 227714

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.00
  • Number Of Units: 5
  • Type Of Units: Apartments

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2025
Closed on
Sep 6, 2025
Sold by
Bought by
Seller's Agent
Nicholas Hayner
Maywood Property Group
Buyer's Agent
Justino Fa'aola
COMPASS
List Price
$26,000,000
Sold Price
$26,350,000
Premium/Discount to List
$350,000
1.35%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000,000
Outstanding Balance
$19,822,359
Interest Rate
6.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 9, 2024
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,950,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,012,500
Interest Rate
5.82%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $26,350,000 Chicago Title
Quit Claim Deed -- None Listed On Document
Grant Deed $12,450,000 Chicago Title Company
Quit Claim Deed -- Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $20,000,000 Seller Take Back
Previous Owner $5,000,000 Commercial
Previous Owner $5,500,000 Negative Amortization
Previous Owner $5,950,000 Commercial
Previous Owner $7,012,500 Commercial
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/15/2025 09/15/25 Sold $26,350,000 +1.3% $357 / Sq Ft
09/08/2025 09/08/25 Pending -- -- --
07/30/2025 07/30/25 For Sale $26,000,000 -- $352 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $264,983 $20,000,000 $11,000,000 $9,000,000
2024 $216,785 $16,032,682 $9,619,612 $6,413,070
2023 $209,802 $15,718,317 $9,430,993 $6,287,324
2022 $205,431 $15,410,116 $9,246,072 $6,164,044
2021 $201,916 $15,107,958 $9,064,777 $6,043,181
2019 $195,472 $14,681,624 $8,795,911 $5,885,713
2018 $187,529 $14,394,177 $8,623,443 $5,770,734
2016 $178,355 $13,814,306 $8,288,585 $5,525,721
2015 $155,517 $11,800,000 $7,217,500 $4,582,500
2014 $148,841 $11,000,000 $6,728,200 $4,271,800
Source: Public Records

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Map

Source: The MLS

MLS Number: 25571751

The MLS
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